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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Ken Katz who wrote (293)	2/22/1999 9:25:00 AM
From: Mike Buckley	Read Replies (1) of 54805

Ken, There are some valid comparisons to be made between the U. S. and Japanese stock markets, but very few. The main problem with the Japanese stock market is that it is a part of a financial system that is by design a boom or bust system. In the 70's is was a boom and it's no surprise that it went bust. The businesses invest heavily in their customers and suppliers. They also invest in their banks. The banks invest heavily in both. When one does well, they all do well. When one does poorly, they all do poorly. Right now they're doing poorly because the businesses are doing poorly and the banks have their loans essentially collaterilized in the stocks of the businesses. Crazy but true. Add to all of that the corruption in the political system that affects the financial markets and you've got a Japanese public that is finally catching on that there's nothing to feel secure about. No wonder the stock prices in Japan are what they are. We've got a president who can't keep his pants on in the Oval Office, but believe it or not, it can get worse! --Mike Buckley

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